Indies trades 21m shares on Junior Market

The chairman and founder of Indies Pharma

On the second day of listing of the most recent addition to the Junior Market, Indies Pharma traded on Thursday and closed with a gain of 75 cents to close with a gain of 50 percent on the IPO price of $1.50.
In the end, Indies traded 21.2 million units, helping to push the day’s trading to 22,380,747 shares valued at $56,082,379 compared to 2,963,010 units, valued at $8,928,557 on Wednesday.
The Junior market index 37.74 points to close at 3,199.63 with 27 securities changing hands, compared to 25 on Tuesday. Trading resulted in the prices of 13 securities advancing, 6 declining and 8 remaining unchanged. Two stocks traded at a 52 weeks’ high but drifted back at the close and one ended the day at a 52 weeks’ low.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading had 5 stocks ending with bids higher than their last selling prices, 3 closed with lower offers.
Trading closed with an average of 828,917 units for an average of $2,077,125 in contrast to 118,520 units for an average of $357,142 on Wednesday. The average volume and value for the month to date amounts to 174,894 units valued at $1,111,004, compared to 182,596 units valued at $994,997 previous trading day. Trading in July, averaged 154,060 units valued at $655,146 for each security traded.
At the close of trading, Access Financial closed at $46.70, trading 500 shares, Blue Power concluded trading $2 higher at $47, in the exchange of 2,728 units, Cargo Handlers settled at $10.89, with 3,665 shares changing hands, Caribbean Cream ended trading of 29,762 shares at $5.80, Caribbean Producers finished trading 74,861 units at $6.85. Derrimon Trading concluded trading of 116,160 shares at $25.50, but hit a new high of $30 during trading, Elite Diagnostic settled with a loss of 5 cents at $2.85, exchanging 77,748 units, Eppley ended trading with a loss of 78 cents close at $9.18, with 430 shares, Everything Fresh traded 36,000 shares and ended with a gain of 15 cents at $2.25 as investors continue to respond positively to half year results showing profit of 4 cents per share for the June quarter on rising gross profit margin. Express Catering traded 14 cents higher at $8.29, with 1,600 shares. FosRich Group finished trading of 8,000 shares with a loss of 1 cent at $2.75, General Accident traded at a 52 weeks’ high of $5 but closed at $3.70, with 41,607 stock units, Honey Bun concluded trading 700 shares at $4.50, Iron Rock finished 25 cents higher at $3.50, with 134,006 shares. Jetcon Corporation traded 16,842 units and rose 6 cents to $4.11, Key Insurance finished trading at $3.16, with 2,950 shares, Knutsford Express ended 1 cent higher at $11.36, after 3,000 shares traded, Lasco Distributors concluded trading of 62,800 stock units and added 4 cents to close at $3.99. Lasco Financial finished at $5.80, exchanging 354,663 units, Lasco Manufacturing settled for a rise of 10 cents to $4, with 78,339 shares, Main Event ended trading 107,682 shares and rose 44 cents to end at $6.25, Medical Disposables traded 1 cent higher at $6.50, with 3,024 shares. Paramount Trading dropped 60 cents to end at a52 weeks’ low of $2.10, trading 3,600 stock units, Stationery and Office closed with a loss of 3 cents at $8.97, with 8,060 units and tTech concluded trading of 15,440 shares and climbed 50 cents to $5.

Prices of securities trading for the day are those at which the last trade took place.

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